Stephen Whiteside's Gold Trends Newsletter - Published - Friday,
February 11, 2011, 8:00 am EST
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Silver Shines. No follow-through for gold or gold
stocks.
We still have both the commodities and the major
indexes on buy signals, but unfortunately not only are we not seeing follow-through to the upside,
were actually started to see some weakness in the major gold stocks.
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Be prepared to take sell signals as they come
up.
A daily closed below $1339.36 would give us a new sell
signal for gold.
A daily closed below $28.67 would give us a new sell
signal for silver .
Breakdown points for the major gold indexes.
Stocks in the sector already showing weakness.
Freeport is now on a sell signal.
A daily closed below $15.98 would give us a new sell
signal for Gold Fields.
A daily closed 6 cents lower would give us a
new sell signal for Rangold.
A daily closed 2 cents lower would give us a
new sell signal for Harmony Gold .
Kinross is now on a new Sell Signal.
These are just a
few examples.
Stay tuned. I will be back with a video if the major indexes
start to issue new sell signals.
Stephen Whiteside
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